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With yield farms in full swing, traders are jumping from one high yielding farm to the next in what looks to be shaping up for a defi summer.
For those who want to “stack multiple juicy yields,” SteakBank is backed by big players like Factorial Ventures, Signum Capital, MW Partners, LayerX Capital, Ruby Capital, etc. and has opened its Genesis Farming Period for staking BNB from April 29 to May 13.
The success of the Genesis Farming Period is just another indicator of the massive inroads BNB is making in its foray into defi. Not only is Binance Smart Chain capturing a large amount of newer entries in the defi market but the crypto OGs are buying into the blockchain.
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PERI Finance, a decentralized cross-chain synthetic asset issuance and derivative exchange protocol, has officially announced the completion of its $4.7 million fundraising round led by LD Capital with participation by PrivCode, OneBlock, Ruby Capital, Dasheng Capital, Momentum 6, and other leading blockchain funds.
The capital will be used to further develop PERI’s ecosystem of products which are designed to provide unlimited liquidity while allowing users to cost-effectively create, trade, and manage synthetic assets on Polkadot. PERI’s suite of products include PERI Exchange, PERI Pool, PERI Dao, and PERI Staking. The robust ecosystem will also feature NFTs in the future.